FAIR HAVEN, N.J., April 25, 2012 /PRNewswire/ -- Atlantic Solar Capital Management LLC today announced that it has acquired a minority ownership interest in Sunray Solar Inc., a New Jersey based designer and integrator of solar electric systems in the residential and commercial markets. Terms of the deal were not disclosed.
Sunray Solar provides its customers with competitive solar finance options by offering its Solar Energy Supply Contract that eliminates both the upfront cost of solar systems and the bother of owning and maintaining the system. Troy Lambe, CEO of Sunray, said "Atlantic Solar's investment brings with it the financial expertise to capitalize on the mass-market adoption of residential and commercial solar and positions Sunray Solar to be a leader in the next phase of expansion in New Jersey and other northeastern solar markets."
About Atlantic Solar Capital Management
Atlantic Solar Capital Management is a privately held New Jersey based company that brings together the capital, deep solar energy experience and skilled development, engineering and installation partners to make solar power generation an attractive alternative energy investment. Atlantic Solar and its investors finance, own, operate and maintain residential and small commercial solar power systems in the Mid-Atlantic and Northeast. For more information visit www.ascmllc.com
About Sunray Solar
Sunray Solar is a leading, New Jersey based, designer and integrator of solar energy systems. The Company designs and installs solar energy systems for commercial and residential customers in the northeast. For more information visit www.sunray-solar.com
© 2012 Atlantic Solar Capital Management|740 River Road Suite 213 Fair Haven, NJ 07704
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SOURCE Atlantic Solar Capital Management LLC